• Developments in Tax Law: Residency of Trusts
  • June 1, 2012 | Authors: Alexandra L. Manthorpe; Roger W. Nainby
  • Law Firm: Houser Henry & Syron LLP - Toronto Office
  • On April 12, 2012, the Supreme Court of Canada released its much anticipated decision in "Fundy Settlement v. Canada" (also known as the "Garron Family Trust" appeals). The Fundy Settlement case dealt with residency of a trust for Canadian tax purposes. The court decision confirmed that, as with corporations, the residency of a trust should be determined by where the “central management and control” of the trust actually takes place.